Hongkong Asia Times online article, the original title: "China Belt and Road Initiative" can help the African economy forward this is a ripple effect, may change the African economy -- but also need time to accumulate power.
Chinese bold "The Belt and Road" initiative may inject vitality into the need to boost the Nigeria and Tanzania and other countries. Last year's growth in sub Saharan Africa was at its lowest level in 20 years because of volatile oil prices, inflation and political unrest. Analysts said, "The Belt and Road" effect in Kenya and all East African countries will be huge. Supporting the maritime Silk Road will boost Beijing's investment in promoting East West Trade - a move that will complement China's strong trade ties with Nigeria, Angola and South africa.
"The Belt and Road" in Africa has a firm beachhead. China has surpassed the United States as Africa's largest trading partner. Chinese enterprises are active in the African continent, but also live a large number of Chinese workers and immigrants. China's state-owned institutions and enterprises invest and build infrastructure for African countries.
David Dollar, senior fellow at the Brookings Institution in Washington said: "(The Belt and Road) has already occurred in africa." The former world bank official estimates that China is spending about $10 billion a year on infrastructure in Africa, a large figure that accounts for about 1/3 of all Africa's infrastructure projects." If you count through the South China Sea and India ocean routes, "The Belt and Road" sea route to Africa most benefit. These routes will have the need for maritime infrastructure, and East Africa is clearly one of them.
The presence of Central Asia, Europe and Africa China heavy part of the neglected "The Belt and Road" dangerous? Dorlar think not, "through the road from Central Asia to Europe transport goods cost high, not very practical." Container ships, by contrast, are much more efficient. This is also the reason to expand the East African ports and The Belt and Road "coincide.
A May report by the Ernst & Young said that since 2005 China has invested a total of $66 billion 400 million in Africa, there are 293 foreign direct investment projects, create 130750 jobs, "The Belt and Road will be demonstrated on both sides is a win-win partnership." But the "The Belt and Road" in the future will still face a real problem in africa. Insecurity and an unstable investment climate scare away many foreign investors. In many places, transportation, energy and communications infrastructure, to ensure that Africa continued to participate in the "The Belt and Road the aspiring plan.
In May this year, the South African Institute of international affairs in an article detailing the "The Belt and Road" good for Africa, "(the Chinese) financial ambition is so big, there is no doubt that (The Belt and Road) will have a ripple effect on the continent." In terms of wider integration, it also looks to promote economic ties between Africa and Europe and Southeast asia. China's capital and technology will also lead to the industrialization of African countries. Moreover, a more equal global order is expected in the future than the current global order that Africa or China is not involved in.
